Sealy & Co. expands presence in Memphis with acquisition of Distriplex II
Sealy & Company has announced the acquisition of Distriplex II, a newly constructed class A distribution center that totals 201,500 square feet and is located at 6386 Global Drive in Memphis. The asset is 100 percent leased and was acquired for an undisclosed amount through an off-market transaction.
Distriplex II was constructed in 2022 and is located in one of Memphis’ most institutional submarkets. The asset is a rear-load configuration and features 22 dock-high doors, two drive-in doors, 126 auto parking spaces, 51 trailer parking spaces and a 185-foot truck court. The property is in a superior ecommerce location with access to Highway 78 and the Memphis International Airport/FedEx World Hub.
“With the latest acquisition of Distriplex II, Sealy & Company continues to reinforce its significant presence and proven success in the Memphis market,” said Jason Gandy, managing director, investment services at Sealy & Company. “This addition further sol